AA 11-1 Company Analysis LO C2, A1, A4

Use Apples financial statements in Appendix A to answer the following. Required: 1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? 2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016? 3. Identify basic EPS amounts for fiscal years (a) 2017 and (b) 2016. 4. Is Apples EPS on a favorable or unfavorable trend from 2016 to 2017? 5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback?